Minimum wage in Venezuela 2019-2024

Published by Statista Research Department, Oct 11, 2024
In the timeframe presented, there has been a general increase in the minimum wages in Venezuela. From April 2019 to May 2021, the minimum wage increased 17,500 percent. Since October 2021, the monetary expression of the Venezuelan bolivar changed by removing six zeros from the currency.

Minimum wages in Venezuela from January 2019 to July 2024 (in Venezuelan bolivar)

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Release date

October 2024

Region

Venezuela

Survey time period

January 2019 to July 2024

Supplementary notes

* Since October 2021 the Venezuelan bolivar had a new monetary expression that removed six zeros from the currency.
Release date is the date of access to the data.

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